Capital Fortune is a national and
award winning mortgage, buy-to-let
and insurance broker.

Call today to speak to an expert

020 77 100 400

REQUEST A CALLBACK
Image
As Featured
Awards from
Our customers have rated our service
Feefo logoIndependant User Feedback98%
Customer - Remortgage
Excellent communication kept us up to date and very professional. Thank you to Alex Fryday and Peter Bartlet. Would definitely recommend ...Read More

Expat Mortgages

Buying a property in the UK if you’ve moved abroad can be time-consuming and frustrating, especially if you are paid in a currency other than UK sterling.

The lack of a permanent UK address can also hinder mortgage applications while many of the usual credit checks that lenders in the UK run do not work sufficiently well where borrowers live and work overseas.

It’s not impossible however and our advisers are specialists in securing attractive rates for British expats in just this position.

Which lenders offer expat mortgages?

Following several changes to the mortgage rules since 2010, the number of British lenders offering expats mortgages in the UK has got a lot smaller.

Unlike with straightforward residential mortgages, it’s much harder to find a list of ‘best buy’ rates. This is where a mortgage broker comes in. We have special relationships with a number of lenders that have experience dealing with expat lending.

These include several smaller building societies and a few specialist lenders that deal only with intermediaries.

Image

What Our Customers Say

Roger Jones - Remortgage
This is not the first time we have used Capital and once again we are very happy with the service. Once again you have found us a good deal ...Read More
1 months, 9 days ago

Michael Emery - Remortgage
Capital Fortune organised exactly the finance which I required. This is the second time they have succeeded with requirements. ...Read More
1 months, 10 days ago

Customer - Purchase
Very easy to work with. Delivered the product as promised. ...Read More
2 months, 7 hours ago

Customer - Remortgage
Excellent swift service with truly professional agents. Advice given which made sense and worked!! Second time used and both experiences 5 star ...Read More
2 months, 12 days ago

Find out more

Can I Get an Expat Mortgage?

Lenders are tough on expats because they have to show evidence that they know you can afford to repay the mortgage payments monthly.

If you are paid in a currency other than sterling, your ability to afford the repayments will be affected by the exchange rate between the pound and the currency you are paid in. This means that most lenders will lend you a mortgage on a smaller proportion of your salary than if you were earning in the UK.

There are more options for those looking to borrow more than £100,000 and who already have a mortgage in the UK. Also expats working in a country that is signed up to the Financial Action Task Force and who earn more than £40,000 or the equivalent in US dollars or in euros are in a reasonably strong position.

There is still help we can offer if your income doesn’t fit this mould. Speak to one of advisers for more information.

Contact Capital Fortune

Image

What About Expat Buy-to-Let?

While some expats look to buy a property for themselves when they’re coming home after working abroad and therefore need a residential mortgage, most expats buy a property at home and rent it out while they live and work abroad.

For this, you will need a buy-to-let mortgage. The way buy-to-let affordability is assessed has become stricter in recent years but generally speaking, you will need to show that the rental income on the property exceeds the mortgage payment at a ratio of 145 per cent.

For more on buy-to-let mortgages, click here

Because the mortgage affordability relies on rental income in the UK, this can make it easier to secure than an expat residential mortgage. However, proof of address, credit history and income will still need to be verified, especially as some buy-to-let lenders now ask to see personal income to supplement rental income.

Image

Offshore Mortgages

There are still some lenders that accept applications for offshore companies or individuals using trusts based offshore. This is type of lending can be complex in terms of the tax payable, with the government making several changes in recent Budgets to the way in which offshore investments are treated.

Image

For this reason, we would always recommend you get independent tax advice if considering using offshore vehicles. Our advisers are specialist in helping investors using these types of investing structures and would be happy to speak to you about how we can help.

Find Out Current Best Rates

Property Value
£
Mortgage Amount
£
Reason for Mortgage
Mortgage Type
LenderInitial RateTypeForThenAPR*ERC*Fee
Leeds BS 2 Year Fixed £1999 Fee Legal Assisted BLH1.14%FixedOct-20225.29%4.4%31-Oct-2022 £1999
Virgin Money Intermediary Exclusive 2 Year Fixed £1495 Fee Purchase BNR1.16%FixedNov-20224.34%3.7%01-Nov-2022 £1495
NatWest Intermediary 2 Year Fixed £995 Fee £250 Cashback Purchase CNW1.17%FixedSep-20223.59%3.8%30-Sep-2022 £995
Coventry BS 2 Year Fixed £999 Fee BCV1.18%FixedSep-20224.49%3.9%30-Sep-2022 £999
Clydesdale Bank Intermediary Exclusive 2 Year Fixed £1999 Fee CLY1.19%FixedOct-20224.55%4%2 years £1999
Leek United BS RETENTION 2 Year Discount No Fee LEE1.2%Discount2 years5.19%4.7%2 years £0
Skipton BS 2 Year Fixed £995 Fee SBS1.21%FixedOct-20224.64%3.8%31-Oct-2022 £995
Coventry BS 2 Year Fixed £999 Fee BCV1.23%FixedSep-20224.49%3.9%30-Sep-2022 £999
Nationwide BS RETENTION 2 Year Fixed £999 Fee Existing Borrowers BNW1.24%Fixed2 years3.59%3.2%2 years £999
Leeds BS 2 Year Fixed £999 Fee Legal Assisted BLH1.25%FixedOct-20225.29%4.4%31-Oct-2022 £999
Mortgage product availability is subject to status and availability. Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions.
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.

Best Discounted Rates

LenderRateType
Leek United BS RETENTION 2 Year Discount No Fee LEE1.2%
then 5.19
(variable)
DiscountRead More
Progressive BS 2 Year Variable No Fee Purchase Foreign Currency Loan BPG1.34%
then 4.35
(variable)
DiscountRead More
Progressive BS 2 Year Discount No Fee Purchase BPG1.35%
then 4.35
(variable)
DiscountRead More

Best 5 Year Fixed Rates

LenderRateType
Leeds BS 2 Year Fixed £1999 Fee Legal Assisted BLH1.14%
then 5.29
(variable)
FixedRead More
Virgin Money Intermediary Exclusive 2 Year Fixed £1495 Fee Purchase BNR1.16%
then 4.34
(variable)
FixedRead More
NatWest Intermediary 2 Year Fixed £995 Fee £250 Cashback Purchase CNW1.17%
then 3.59
(variable)
FixedRead More
Image

Get Guaranteed Lowest Rate Mortgages

Award-winning
Mortgage Advisers

Fast Decisions

National Coverage

Holistic Approach

Comprehensive Panel

Direct Access to Underwriters

No Obligation Quote

Did you know we also offer these services?

No Sale, No Fee, Fixed Price

Low Cost, National Coverage

Instant Online Quotes